News

US Federal Reserve easily ended quantitative easing

Author:tracy

Source:http://www.tigloncn.com

Release on :2014-11-21

It was an easy decision for the US Federal Reserve to end quantitative easing as minutes of October’s meeting showed little debate or dissent over the move to halt its history-making bond buying programme. Though the run-up to the Federal Open Market Committee meeting was marked by financial turmoil and bad economic news from abroad, the FOMC decided even mentioning them would suggest more concern than it actually felt. They also highlight a debate about the Fed's pledge of low rates for a “considerable time” beyond October. However, the minutes send no strong signal about whether the language will be scrapped in December.“In their discussion of the asset purchase programme, members generally agreed. There was sufficient underlying strength in the broader economy to support ongoing progress toward maximum employment," said the minutes.